USA Financial Advisory Market Size and Share
| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Size (2025) | USD 90.54 Trillion |
| Market Size (2030) | USD 101.74 Trillion |
| CAGR (2025 - 2030) | 2.36% |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
USA Financial Advisory Market Analysis by Mordor Intelligence
The USA Financial Advisory Market size in terms of assets under management value is expected to grow from USD 90.54 trillion in 2025 to USD 101.74 trillion by 2030, at a CAGR of greater than 2.36% during the forecast period (2025-2030).
The USA financial advisory market is witnessing significant growth. Key areas within this market include wealth management, investment advisory, financial planning, and corporate advisory services. The landscape features a diverse range of players, from independent financial advisors and major financial institutions to cutting-edge robo-advisors.
Digital transformation stands out as a pivotal force, making services more accessible and affordable. Concurrently, regulatory changes are pushing for greater transparency and a client-centric approach. Demographic shifts, notably an aging population and an influx of millennials seeking financial advice are fueling this market's expansion. Economic fluctuations also drive individuals and businesses to seek expert financial counsel. Moreover, a rising interest in sustainable and ESG investing is reshaping advisory services.
Yet, challenges loom large. The market grapples with ensuring regulatory compliance, facing fierce competition, and the need for constant technological innovation. Trust-building and client retention remain paramount. In summary, while the USA's financial advisory market is vibrant and on an upward trajectory, it's navigating a landscape shaped by tech advancements, demographic shifts, and changing client expectations.
USA Financial Advisory Market Trends and Insights
HNWI and Retirement Planning Demand Drives the Financial Advisory Market In the USA
The USA Financial Advisory Market is experiencing significant momentum driven by two key factors: High Net Worth Individuals (HNWIs) and retirement planning needs. HNWIs, characterized by their substantial financial resources, seek sophisticated wealth management services to preserve and grow their assets. This demographic values personalized advisory services that address complex financial goals such as estate planning, tax optimization, and legacy management. As HNWIs continue to grow in number and wealth, financial advisory firms are expanding their capabilities to cater to these affluent clients, offering tailored solutions that encompass investment strategies, risk management, and comprehensive financial planning.
Simultaneously, the retirement planning segment is a crucial driver of growth in the advisory market. With a large segment of the population reaching retirement age, there is a pressing demand for retirement income planning, healthcare financing solutions, and longevity risk management.
Financial advisors are instrumental in guiding individuals through these challenges by providing strategies to enhance retirement savings, optimize Social Security benefits, and secure financial stability throughout retirement.
Overall, the convergence of HNWIs' wealth management needs and the complexities of retirement planning underscores the robust growth and evolving landscape of the USA Financial Advisory Market.
Technology Advancement And Usage Of Digital Tools And Platforms Is Driving Financial Advisory Market.
The financial advisory market's evolution is significantly propelled by technological advancements and the great adoption of digital tools and platforms, including the rise of neobrokers. Neobrokers, leveraging innovative digital interfaces and mobile-first approaches, are democratizing access to investment opportunities. They offer intuitive platforms that empower retail investors with user-friendly interfaces, real-time market data, and automated portfolio management. This disruption challenges traditional brokerage models by providing low-cost, transparent alternatives that appeal to tech-savvy individuals seeking greater control over their investments. Neobrokers exemplify how digital innovation is reshaping client expectations and service delivery within the financial advisory sector, emphasizing convenience, accessibility, and personalized user experiences. Their emergence underscores a broader trend where technology not only enhances operational efficiencies for advisors but also enhances investor engagement and expands market access, ultimately driving the ongoing transformation of the financial advisory landscape.
Digital tools and platforms have enabled financial advisors to streamline operations, enhance client engagement, and offer more customized services. For instance, robo-advisors leverage algorithms and automation to provide low-cost portfolio management solutions, appealing particularly to tech-savvy investors seeking efficient and transparent investment strategies.
Competitive Landscape
The USA financial advisory market is consolidated, dominated by major players such as Morgan Stanley Wealth Management, UBS Wealth Management USA, Wells Fargo Advisors, J.P. Morgan Wealth Management, and Goldman Sachs Personal Financial Management. These firms provide comprehensive services from investment management to retirement planning, serving affluent individuals, high-net-worth clients, and institutions. They leverage extensive global networks, personalized client relationships, and advanced financial products to maintain competitive advantage in the market.
USA Financial Advisory Industry Leaders
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Morgan Stanley Wealth Management
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UBS Wealth Management USA
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Wells Fargo Advisors
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J.P. Morgan Wealth Management
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Goldman Sachs Personal Financial Management
- *Disclaimer: Major Players sorted in no particular order
Recent Industry Developments
- March 2024: Oliver Wyman, a leading management and consulting firm under Marsh McLennan, has successfully acquired Innopay. This strategic move bolsters Oliver Wyman's prowess in payments consulting, solidifying its market standing.
- February 2024: Oliver Wyman, a global management consulting firm under Marsh McLennan, has finalized its acquisition of SeaTec Consulting Inc. SeaTec will now integrate into CAVOK, an Oliver Wyman division specializing in aviation services.
USA Financial Advisory Market Report Scope
The USA financial advisory market is defined as the sector offering various services to assist individuals and businesses in managing their financial health. This includes wealth management, investment advisory, financial planning, and corporate advisory services. The market comprises diverse participants such as independent financial advisors, large financial institutions, and innovative robo-advisors. It is influenced by digital advancements, regulatory updates, demographic trends, and economic factors, all contributing to its ongoing growth and development.
The USA financial advisory market is segmented into service type, organization size, industry vertical, and country. By service type, the market is segmented into Corporate Finance, Accounting Advisory, Tax Advisory, Transaction Services, Risk Management, and Others. By organization size, the market is segmented into Large Enterprises, and Small & Medium-Sized Enterprises. By Industry Vertical, the market is segmented into BFSI, IT and Telecom, Manufacturing, Retail and E-Commerce, Public Sector, Healthcare, and Others. The report offers market size and forecasts for the USA financial advisory market in terms of value in (USD) for all the above segments.
| Corporate Finance |
| Accounting Advisory |
| Tax Advisory |
| Transaction Services |
| Risk Management |
| Others |
| Large Enterprises |
| Small & Medium-Sized Enterprises |
| BFSI |
| IT and Telecom |
| Manufacturing |
| Retail and E-Commerce |
| Public Sector |
| Healthcare |
| Others |
| Type | Corporate Finance |
| Accounting Advisory | |
| Tax Advisory | |
| Transaction Services | |
| Risk Management | |
| Others | |
| By Organization Size | Large Enterprises |
| Small & Medium-Sized Enterprises | |
| By Industry Vertical | BFSI |
| IT and Telecom | |
| Manufacturing | |
| Retail and E-Commerce | |
| Public Sector | |
| Healthcare | |
| Others |
Key Questions Answered in the Report
How big is the USA Financial Advisory Market?
The USA Financial Advisory Market size is expected to reach USD 90.54 trillion in 2025 and grow at a CAGR of greater than 2.36% to reach USD 101.74 trillion by 2030.
What is the current USA Financial Advisory Market size?
In 2025, the USA Financial Advisory Market size is expected to reach USD 90.54 trillion.
Who are the key players in USA Financial Advisory Market?
Morgan Stanley Wealth Management, UBS Wealth Management USA, Wells Fargo Advisors, J.P. Morgan Wealth Management and Goldman Sachs Personal Financial Management are the major companies operating in the USA Financial Advisory Market.
What years does this USA Financial Advisory Market cover, and what was the market size in 2024?
In 2024, the USA Financial Advisory Market size was estimated at USD 88.40 trillion. The report covers the USA Financial Advisory Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the USA Financial Advisory Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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USA Financial Advisory Market Report
Statistics for the 2025 USA Financial Advisory market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. USA Financial Advisory analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
